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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (12023)	9/28/2021 11:41:43 AM
From: Kirk ©	Respond to of 27043

More Inflation: Natural gas surge U.S. natural gas prices soared to their highest level in more than seven-and-a-half years, with traders citing contagion fears as gas and other energy shortages sweep Europe and Asia, which is leading to heavier demand for U.S. liquefied natural gas. Front-month gas futures (NG1:COM) for October delivery settled up 11% to $5.706/MMBtu, the highest closing price since February 2014 and the contract's biggest daily percentage gain since this February's Texas freeze. "Spectacular prices around the world are feeding into the sentiment here," Again Capital's John Kilduff tells Reuters, adding that "gas as a commodity is getting repriced" and "now that we've hit these price heights, it will be easy to do it again." seekingalpha.com